FX.co ★ EUR/USD

EURUSD TF D The fundamental news for making decisions on the Fed interest rate, namely the US NFP and CPI releases, have been received by the markets. As we can see, these news events did not trigger a sell-off in the dollar, even though together they argue against a rate hike in September for the buck. Based on yesterday’s daily candle, the question arises of a false breakout of the daily downtrend above 1.1500. Today the point is still neutral at 1.1520; if we go below 1.1500, I will consider the trend breakout to be false and will look at the downside scenario.